RE: Vlog 168: Two days ago Bitcoin miner fees total were higher than the blockreward of 12.5 BTC.
How is it that I gave you some helpful information and you get more rewards just for replying without the same significance or relevance hahaha, it would really be nice to also keep in the spirit to steemit and upvote me for providing you with some useful relevant information and for opening your eyes about the blockchain. If you understand the proof of work and the mining rewards, and the mem pool,you will understand the fees a little better. The Blockchain is for us BY us, so we don’t have to rely on and get even more screwed over by the fiat system. Bitcoin is not a business that needs to impress anyone, it doesn’t care how much you complain about it. I've just proven to you how transparent it is also. A lot of people don’t realise this, but, you can actually assist this proof of work open sourced consensus system just by getting your gpu to mine a little bit, not for your gain to earn bitcoins, but to assist the system to help you and everyone, your contribution to the mempool helps every single bit. This is more productive in comparison to criticism regarding slowness. You can also ways use another currency to transfer funds to save you time and fees. The other currencies have far less empty blocks and are very happy to help you move your fundas across much cheaper. Just a little bit of research goes a long way. All that being said, even while in this "primitive state" it is still more reliable and more secure than the pre historic bum fluff fiat banking monetary transfer system. Now based on your response, I know you have learnt even more. Doesn’t make steemit better also? I will have to upvote this response also. But I will have to make some posts to help people understand some basic concepts to really earn some rewards.
To be honest you didn't show me anything I didn't already know, though I do appreciate your effort. I searched my transaction on several block explorers before I posted the tx id here, I just wasn't sure exactly how long the transaction took because the block explorers didn't appear to clearly show that particular information, though I already had an idea because they were my transactions. Also I would argue that Bitcoin is NOT better than fiat from a user experience point of view. Here in the UK we can send near instant and free domestic bank transfers to anyone else with a UK bank account. The same cannot be said for BTC unfortunately.
I have some points to share with you in relation to your comments. But first, as I like to learn as well, so where were you trying to look up your transaction details extactly? And have you had a chance to see how the mem pool works, another thing that could help you and everyone is a full node wallet. As this is decentralised, it is in our interest to do what we can if we all want the benefits. Some food for thought, but I will respond to you comments with some more helpful points.
I looked on Blockchain.info and also another site which I can't remember. Those transactions were sent from a full node wallet